Widespread power cuts and rationing in China might quickly push the country into a position where inflation is “difficult to control”, an economist has said. Power shortages in China have resulted in the price of electricity rising sharply and power supplies to some factories being capped. Independent economist Jiang Hao told Radio Free Asia that…
China’s Power Crunch Risks Creating ‘Difficult to Control’ Inflation, Economist Says
October 4, 2021
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China’s Energy Crisis: A CCP-Made Emergency
October 4, 2021
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News Analysis Factories in China are being forced to shut down amid an energy crisis, as more than half of the provinces have imposed electricity-use restrictions. Forced reductions even apply to Jiangsu, Zhejiang, and Guangdong provinces, which generate roughly one-third of the nation’s GDP. Local governments are enforcing shut-down rules in their attempt to meet…
German Electricity Producer Forced to Shut Down Power Plant After Running out of Coal
The global energy crisis forced one German electricity producer to shut down its power plant last week after it ran out of hard coal. Steag GmbH, which operates six large-scale hard coal plants in Germany, was forced to close its Bergkamen A plant located in the western part of the country due to shortages, a Steag spokesperson told Bloomberg….
Australia to Profit From Global Energy Crunch as Coal Prices Surge
October 4, 2021
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Australia’s resource and energy exports are expected to bring in a record $349 billion (US$253 billion) in 2021-22, according to a new report by the Department of Industry, Science, Energy, and Resources. While iron ore export profits will fall amid crashing iron ore prices, surging demand for thermal and metallurgical coal will drive Australian resource…
What Is Behind China’s Power Crunch?
BEIJING—China is in the grip of a power crunch as coal supply shortages combined with strong power demand from manufacturers, industry, and households push coal prices to record highs and trigger widespread curbs on usage. China’s heavily controlled power pricing system prevents its generators from passing on their soaring coal costs to consumers, leaving them…
Responding to Chinese Leader Xi, Skeptics Point to China’s Domestic Coal Power Plants
Chinese leader Xi Jinping’s Sept. 21 claim to the United Nations General Assembly that China “will not build new coal-fired projects abroad” has drawn a range of reactions, including comments on China’s large and growing domestic reliance on coal power. “It’s not the major issue—the major issue is coal plants in China,” said Gordon G….
Sen. Joe Manchin: ‘The Coal Industry Has To Be Saved’
In a notable break with progressives, Sen. Joe Manchin (D-W.Va.) said in an interview that the coal industry “will be saved, has to be saved, because the country can’t survive without it.” Others in the Democratic Party have asserted that the coal industry contributes to global warming and that it should be replaced with other…
Energy, Gas Prices Surge Amid Coal Plant Outages and Cold Weather
A sequence of unforeseen coal power plant outages and cold weather has put a severe strain on Australia’s electricity grid, sending energy and gas prices soaring. The National Electricity Market witnessed a threefold increase in consumer spot prices, reaching an average of $120 per megawatt-hour (MWh) in June, compared with around $43 per MWh for…
OPEC and Big Oil’s New Best Friend, Joe Biden
Commentary The price of oil surged to $75 a barrel the other day under President Joe Biden’s green energy policies. The price was as low as $35 a barrel under former President Donald Trump because he believed in American energy dominance (“Drill, baby, drill”). So, more oil meant lower prices at the pump. It was…
South Dakota Rocked Again as a Wind Turbine Plant Shuts Its Doors
June 22, 2021
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Commentary John F. Kerry, the special presidential envoy for climate, said only months ago that those losing fossil fuel jobs in coal and hydraulic fracturing will find they have a better choice of jobs either in the solar industry or as wind turbine technicians. That was then. Now, a wind blade manufacturing plant located in…
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